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Canfor Pulp Products Inc T.CFX

Alternate Symbol(s):  CFPUF

Canfor Pulp Products Inc. is a Canada-based global supplier of pulp and paper products with operations in the central interior of British Columbia (BC). The Company operates through two segments: pulp and paper. The pulp segment includes purchase of residual fiber, and production and sale of pulp products, including Northern Bleached Softwood Kraft (NBSK) pulp and Bleached Chemi-Thermo Mechanical Pulp (BCTMP), as well as energy revenues. The paper segment includes production and sale of paper products, including bleached, unbleached, and colored paper. Its products under the solid wood category include dimension lumber, specialty lumber, and engineered wood products. It produces green energy in its lumber and pulp facilities across North America. The Company owns and operates three mills in Prince George, BC with a total capacity of about 780,000 tons of Premium Reinforcing Northern Bleached Softwood Kraft (NBSK) Pulp and 140,000 tons of kraft paper.


TSX:CFX - Post by User

Post by baldstockon Sep 17, 2024 10:49pm
170 Views
Post# 36228352

M&A coming hopefully good one! :)

M&A coming hopefully good one! :)

WEF sold two mills at 164M to Altas Holdings. WEF produced 141 MT in 2023. So ATLAS paid 0.85c/MT

 

CFX have three big mills and produced 600 Mt in 2023. so 0.85*600= 510 M enterprise value.

510M- 89(DEBT)= 421M

421M/66M(o/s)= $6.37

 

Only thing I am concern is CANFOR CORP low-ball on privatization and pay half of Book Value.

Which is $2.50.

 

Also MONDI GROUP wants to enter Canadian market. They already bought small pulp mill. I am sure they want to buy more to scale up and this is it. MONDI is multi billion dollar company and they won't just buy small mill and stop.

 

4 canadiates may interest on CFX

  1. Mondi group. (PT $3~5)

  2. Suzano (Failed merger attempt with IP) (PT: $3-5)

  3. Canfor Corp (Low-ball buyout expecting due to history PT :$2~3)

  4. Atlas group (maybe scaling up, PT: $2-3)

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